Whether you are looking for a place to live or you have extra space in your existing home, New Mexico room rentals are the key to bringing roommates and landlords together. Renting a room in one of the state's growing areas gives you three main advantages:
1. Price. Room shares are significantly less expensive than renting an entire apartment or house in the same area. Renting out a room gives you all of the essentials -- bedroom, bathroom, shared common areas, Internet access, utilities -- without wasted overhead. Some rooms even come furnished.
2. Location. Because of a room share's low price, tenants can afford to live in a better part of town. Sublet rooms are often near bus lines, universities, popular attractions, downtown entertainment districts, and community facilities.
3. Short-term or long-term living. Signing a room rental agreement can be the first step to trying out a neighborhood. Rent is due weekly or monthly, and the lease term can be negotiated with the landlord. This arrangement is perfect for students and professionals who have recently moved to New Mexico.
New Mexico basks in more than 300 days of sunshine per year and is a haven for outdoor recreation. While room shares are available throughout the state, the three most popular areas are Albuquerque, Santa Fe, and Las Cruces.
Albuquerque. New Mexico's largest city is a home for families, students, and retirees. Each of Albuquerque's quadrants provides a different residential feel. The city is home to the University of New Mexico, historic Old Town, Kirtland Air Force Base, Sandia National Laboratories, and the agricultural South Valley.
Santa Fe. Santa Fe is proud of its historic and artistic heritage. As the state capital, it is a mecca for government employees, tourists, and scientists studying around Los Alamos National Laboratory. Individuals can live in this small town and still work in a larger city by taking the Rail Runner Express to Albuquerque.
Las Cruces. Students at New Mexico State University can often find a cheap room rental in Las Cruces. Over a quarter of the city's population is between age 18 and 24, making it a perfect spot to find roommates.
For property owners, subletting is a convenient way to earn extra cash for unused space while meeting new and interesting people. Room rental agreements are straightforward, and they can be customized to meet the needs of a family, night-shift workers, senior citizens, or young homeowners. Turning your house or apartment into a room share opens up opportunities for consistent passive income and gives a pre-screened tenant a nice place to live.